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Bitcoindollar

Bitcoin Bears Exhaustion- A quick and clean update highlighting periods of bearish pressure from 2015 to 2026. No indicators added. just pure price action to keep the chart readable. - Typically, bear market most downtrend pressure lasts between 120 and 150 days. - The most unusual bear phase followed the Luna/FTX collapse in 2022, lasting 210 days. - As Bitcoin sees broader adoption by governments, banks, and institutional players, creating large volatility both in bearish and bullish phases will become increasingly difficult. Only blackswan in real world could change it. - Check where we are now, compare with the past, and place your bets accordingly. Happy Tr4Ding !
BITSTAMP:BTCUSD
by thecryer
7
BTCUSDT. A drop to 67,000 - 66,000 with potential for a reversalTechnical Analysis: 1️⃣СCI - unstable CCI near 0. Waiting, we need a drop below -100 and then a transition from below to above that level. 2️⃣RSI - between 30 and 50. Waiting. Another pullback to 30 is desirable, but a confirmed breakout of 50 by the time of the trade would also be fine. 3️⃣Levels: 🔸78.6% Fibonacci level h1 (=67,820) + second extension on h1 (=67,025) + a full set of h4 waves (=66,080) + increased volume 2 (=67,270) - roughly defines the potential reversal zone. 🔸Fib 161.8% h1 = 64350 will be relevant if the trade is cancelled. 4️⃣Larger TF (h4) - nothing but Fibo level so far. 5️⃣Price movement forecast - on the chart. Entry, stop, take: 🔸Entry: Buy. Upward breakout of the 2nd level (=67,270) 🔸Stop: Preliminary stop loss behind the full set of h4 waves (=66,080) 🔸Take: TP based on the 1st volume (=70,640) 🔸Risk/Reward: 2.78, a fairly risky trade 🔸Implementation: Within a week Cancellation 🔸Sharp move down after reaching the full set of h4 waves (=66,080) Fundamental: 1️⃣Fear & Greed Index: 8–12 (Extreme fear) → 🟢 Positive for BTC. Potential reversal. 2️⃣BTC Dominance: 58.2–58.8% → ⚪ Neutral. Capital favors BTC over altcoins (Altcoin Season Index 35/100). For BTC, this is more of a confirmation of demand. 3️⃣ Funding Rate: negative → 🟢 Positive for BTC. 4️⃣ Open Interest: $102–107B + negative funding → ⚪ Neutral with a downward trend. Rising OI with negative funding = new shorts, no longs. 5️⃣ Liquidations (March 22): $299M, 85% longs → ⚪ Neutral. Buyers have been dumped - there is potential for an upward move, we are waiting for a trigger. 6️⃣ ETF ​​Flows: +$1.17B (March 9-17) → reversal -$130M/-$90M (March 18-19) → ⚪ Neutral. Inflows and outflows pretty equal. 7️⃣ Exchange Net Flow: ~47,700 BTC outflow per week → 🟢 Positive for BTC. Accumulation. 8️⃣MVRV: ~1.50 (market price $68K / realized price $45,200) → ⚪ Neutral. The market is not overheated and there are no sell-offs in sight. 9️⃣ Whale Inflow Ratio: ~0.62 (declining from a peak of 0.85 at the end of February; normal 0.35–0.55) → ⚪ Neutral. Potentially a local bottom is near. 🔟 Top Holders: accumulation has slowed, whales are waiting for clarity → ⚪ Neutral 1️⃣1️⃣ Geopolitics: ultimatum on Iran → 🔴minus for BTC. The most important minus: risky instruments under pressure. Traders are shifting to oil and gas. Conclusion: 👈🏻 Neutral forecast for now due to geopolitics.
Long
by CoinRanger
BTCUSDT. Another attempt to break the flat out. Return to 67400Technical Analysis: 1️⃣СCI - above +100, needs a downward crossover to confirm the trade. 2️⃣RSI - in the 70 zone. Could go higher. A trade requires a downward breakout of 70 or some movement around 70 and a decline. 3️⃣VPVR zones - 73770, 70668, 68950, and 67180 4️⃣Fib - a 38% pullback on h4, coinciding with the end of a upward waves set on h1. Entry is possible from here, see below. 5️⃣Moving Average Crossovers/Breakthroughs - entering at the crossover of the price and 50 EMA - earlier is dangerous. The crossover of the price and 200 EMA will likely occur on increased volume - the first potential stop zone. 6️⃣Elder TF (h4) - an important Fibonacci level at 74560. The 200 EMA has been broken from bottom to top. Today will show whether this is a consolidation. Entry, Stop, Take Profit: 🔸Entry: Sell on a breakout of 71950 + a downward price crossover of the 50 EMA. So, we're waiting for now. 🔸Stop: Preliminary 38.2% Fibonacci h4 = 74560. Moving stop order at entry point after the 200 EMA is reached. 🔸Take Profit: TP = 62510. There's a chance the trade won't reach this level and will be stopped by one of the higher-volume levels. 🔸Risk/Reward: 3.7 for the final take profit, but could be lower depending on the chart configuration at the time of entry. 🔸Execution: within a week (possibly longer) Cancellation 🔸If we break over 74,560, the further growth is quite likely. Perhaps not straight to 79,000, but it's possible. If there's no return below 74,560, the trade will need to be reconsidered. Waiting for now. ---------- What do you think about the future price of Bitcoin? Leave your opinion in the comments. PS. Do you find a detailed fundamental analysis in the idea posts helpfull, like there were last week? Please let me know in the comments.
Short
by CoinRanger
BTCUSDT. Forming 50% Fibonacci retracement targeting 69800Fundamentals: 1️⃣ Macro and correlation with risk assets. The Fear Index is at 12 – extreme fear (roughly the same as November 2022). BTC's correlation with the S&P 500 has risen to 0.74 – this year's high. This means BTC is acting like a risk asset: when the S&P falls by 1%, BTC loses an average of ~0.74%. A weak labor market report is putting pressure on stocks, and BTC is following suit. A negative for BTC. 2️⃣ Geopolitics: Oil has rise above $100 thoroughly. The oil-driven pressure on Bitcoin looks like: oil rises → inflation expectations rise → Fed postpones rate cut → less liquidity → risky assets (including BTC) come under pressure. However, the US is a net oil exporter, and CoinDesk analysts note that this partially softens the blow to BTC compared to past oil shocks. A negative for BTC, but with caveats. 3️⃣ Fed rates. The rate is 3.5-3.75%, unchanged. Expectations for a 25 bps cut on March 17-18 are at about 45%. High rates = expensive money = negative for crypto. But today the Fed is in a bit of a bind: rising oil prices could trigger higher inflation, which would favor a rate hike. A poor labor report, on the other hand, would favor a rate cut. The situation is uncertain for risky assets. 4️⃣ Regulatory environment. The US Treasury published a 32-page report to Congress (under the GENIUS Act), in which it recognized the legitimacy of crypto mixers for the first time. Now they're not all being blanketly labeled as enemies of the world. Specifically for Bitcoin, this is a neutral signal, but overall, the regulatory trend is moderately positive. A slight positive. 5️⃣ ETF ​​flows. Inflows have reversed and are positive for the second week in a row – a total of +$1.47 billion over two weeks, breaking five weeks of outflows. For the week of March 3-7, they increased by $683 million, with $461 million coming in a single day (March 4). The BlackRock IBIT ETF is the main driver. However, on March 6, amid a price decline, outflows of $228 million were recorded. Overall, the positive for BTC-price. 6️⃣ Hashrate and miners behavior. The network hashrate is 1.007 ZH/s, at historical highs. However, large public miners are selling BTC en masse and switching to AI infrastructure: Core Scientific dropped BTC from 2,537 to 630 coins ($175 million in sales), Riot Platforms is selling its entire monthly output and liquidating ~1,100 BTC from its balance sheet, and Bitfarms has reduced its reserves from 3,301 to 1,827 BTC. Miners' sales are a negative for the price in a moment. 7️⃣On-chain metrics. There's a thing called MVRV Z-score. It's currently at 1.8 for BTC. It shows the ratio of market capitalization to the weighted average purchase price of all coins. A value of 1.8 is in the fair value zone, meaning BTC is not overbought (euphoria begins above 7), but also not at the bottom (below 0). This adds neutrality to the situation. 👉🏻 Conclusion 👈🏻: BTCUSDT is under pressure in the short term due to oil price problems caused by politics, extreme fear (12), high correlation with the stock market (0.74), and miners are actively selling BTC. On the positive side, the reversal of ETF inflows (+$1.47 billion in 2 weeks), the easing of the regulatory stance, the historically bullish signal from the Fear Index (below 20), and a stable hashrate are all positive for the price. Key events so far: either a de-escalation of the US/Iran trade (could happen at any moment) and/or the FOMC meeting on March 17-18. Plus, important news on Wednesday (CPI) and Friday (PCE, JOLTS, GDP). Technical Analysis: 1️⃣СCI - has reached the +100 area, but there is no support from the RSI. A move above +100 is likely. 2️⃣RSI - in the 50-60 zone. Uncertainty, but I expect a move to 70 from above. 3️⃣VPVR zones - increased volumes at 71350, 63800, and the 67000-67900 range, where the price may hold and which will become an obstacle on the way down. 4️⃣Fib - important pullbacks at 38% and 50% - coincide with the potential development of the first wave up as the pullback develops. 5️⃣Moving Average Crossovers/Breakthroughs - technically, there is a crossover of the 50 and 200 EMAs, but a pullback should occur now: the price will break above the 200 (green on the chart) and then fall below it again, confirming a downward move. 6️⃣Larger TF (h4) - CCI at -100, potential for an uptrend, 50 EMA as support for a downtrend, volume distribution confirms the current BTC level as important. Entry, Stop, Take Profit: 🔸Entry: Sell when the price breaks through 68250 (approximately) from top to bottom. We're waiting for now. 🔸Stop: Preliminary 50% Fibonacci retracement = 69830 🔸Take Profit: TP = 63800 🔸Risk/Reward: 2.89, but could be lower depending on the chart configuration at the time of entry. 🔸Execution: within a week. Cancelation 🔸If the price move higher above 69830, we'll need to reconsider the trade. Waiting for now.
Short
by CoinRanger
1
Coinranger|BTCUSDT. Flat with downward pressure🔥News 🔹18:00 UTC+3 - US Manufacturing PMI 🔹The Middle East and Persia are in focus. Any escalation will send prices lower. 🔥BTC 🔹It fell, came back, and seems to be about to fall again. What's next: 1️⃣ The dynamic level of 67770 above. 2️⃣ Below there are 65880, 64950, 63470 - a full set of waves, 60765 and 58690 - extensions of the set. Until there's progress in the settlement process (if any in the near future), cryptocurrencies will likely be pressed by a heavy moving average on h1 (green line on the screenshot). You can see live updates of forecast in the Minds section, so subscribe. --------------- And share your thoughts in the comments!
by CoinRanger
Coinranger|BTCUSDT. The end of pullback and trend continuation🔥News 🔹16:30 UTC+3 - US unemployment claims. We can ignore it unless it overperforms a forecast. 🔥BTC 🔹Overall, Bitcoin is experiencing a pullback. But there are only m15 waves have passed in the old direction.So, what's next: 1️⃣ The 70600 level remains above. There's a chance of reaching it. 2️⃣ We have changes below: 66500, 65050, 63800, 62100, and 58800 - all the levels are the parts of potential dawnward move The active upward movement is over for now, but sudden price spikes are possible until at least one h1 wave passes along the old trend. --------------- Share your thoughts in the comments!
by CoinRanger
Coinranger|BTCUSDT. Pullback on h4 to 67000🔥News 🔹No interesting news. 🔥BTC 🔹Bitcoin has started to pull back. 1️⃣ The levels above are 67000 and 68150. We'll likely take the the first one today. 2️⃣ The lower below are still relevant at 63200, 61200, 60100, and 58200. The current movement is highly likely a pullback on h4. The downward trend on the higher timeframe still actual. But there's no need to make selling orders yet on the higher trend. --------------- Share your opinion in the comments!
by CoinRanger
Coinranger|BTCUSDT. Moving downward to 60,000🔥News 🔹No major news today. Overall, we're looking toward the US-Iran rhetoric. 🔥BTC 🔹BTC has formed something between a triangle and a flag. And now we have: 1️⃣ The dynamic level 67300 above (it will decline to 66300). The same as almost a week ago. 2️⃣ h1 waves below: 63200 (a pullback is likely after that level), 61200, 60100, and 58200 (this is the second set of downward waves). So far, nothing positive can reverse the price, but geopolitics could continue to exert pressure. A downward move is the priority. Pullbacks to dynamic levels are possible. --------------- Share your opinion in the comments!
by CoinRanger
Coinranger|BTCUSDT. Reversal or continued decline?🔥News 🔹Today, the US votes on the government budget. 🔹US manufacturing PMI at 18:00 UTC+3. 🔥BTC 🔹A mega-drop to 74600. What's next: 1️⃣ Above there is the level at 79500, but it's dynamic. And until there's some kind of movement stop, there's nothing more to say. Keep an eye on your moving averages. 2️⃣ Below, a full set of waves with extensions on the h4 timeframe has already been completed. A reversal attempt could occur around the current level. There are 72900 and 71050 a bit lower on the hourly timeframe – a complete set of three consecutive downward sets. I wouldn't do anything for now. It's best to wait for one of the above scenarios to play out. --------------- Share your thoughts in the comments!
by CoinRanger
Coinranger| BTCUSDT. Continuing decline to 85,000🔥News 🔹No important news today. Only an old data on american market will be released, which is usually considered preliminary. 🔥BTC 🔹Fell down last night and broke through previous peak. Current levels: 1️⃣ The levels above can only be calculated tentatively. 88,500 is the first level for the end of the pullback. 2️⃣ The levels below - 85,000 and 84,700 - almost coincident potential ends of the downward sets of waves on h1 and h4. Without news, we could either continue the decline, or make a pullback, and then, for example, fall further. --------------- Share your opinion in the comments!
by CoinRanger
Coinranger| BTCUSDT: Uncertainty after the drop🔥News 🔹The International Economic Forum continues. Trump's speech is at 16:30 (UTC+3) 🔥BTC 🔹We've clearly followed the forecast. Now: 1️⃣ It's still hard to say for sure about the levels above. Preliminary figures are 91600 and 92855. But we could fall into a flat for a while. 2️⃣ The price may reach 87550 before continuing the pullback. I haven't marked any lower levels yet, because we're unlikely to go there without a pullback. The priority is a pullback; reaching the lower level is also possible.
by CoinRanger
1
Coinranger| BTCUSDT. Potential reversal to 90100🔹At 16:15 UTC+3 - ADP nonfarm payrolls data. 🔹At 18:00 UTC+3 - PMI in services and the JOLTS employment report. More important. High volatility is possible on both news. 🔥BTC 🔹Currently, Bitcoin has made just enough progress on the h4 to begin a reversal, but interestingly, this timeframe is currently experiencing the same level of uncertainty as it did on the h1 on Monday before the small rally. Summary: 1️⃣ The important h4 level is 93450 above. 2️⃣ There's a whole set of levels for decline with potential extensions: 91160, 90100 (especially important), 88200, and 86700. I think we'll drop to 90100 today or tomorrow, and then there'll be a turning point.
by CoinRanger
BTC CME Futures: The Capitulation Buy SetupSimply: The logic here is simple. Bitcoin has dropped too far and too fast. We are currently hitting a major mathematical exhaustion point (the 2.5 Standard Deviation line). At the same time, we are entering that big blue support box between 78k and 82k where the massive rally started earlier this year. This is not a crash anymore; it is a bear trap. Retail traders are panic selling right at the bottom, which provides the liquidity for big players to buy. We are setting a limit order to catch the final wick down before the bounce. Entry: 81,250 (Buy Limit) Stop Loss: 77,500 (If it goes below here, the setup is wrong) Target: 94,000 (The bounce back to equilibrium) Don't chase the red candles. Let the price come to you, fill the order, and wait for the squeeze. ​____ Advanced: The algorithm is currently executing a terminal volatility expansion into the 2.5 Standard Deviation extremity to finalize the Macro Sell Model and engineer a generational Smart Money Reversal. The present liquidation cascade is not a crash but a precise, mathematically ordained delivery of price into the deep discount 'Blue Box' accumulation array to harvest the final sell-side liquidity before the grand repricing event. ​ Entry: 81,250.00 (Limit Order - 4,000 points below market) Stop loss: 77,500.00 (3,750 points) Take profit: 94,000.00 (12,750 points) Risk to reward ratio: 3.40R ​ The Opportunity The Bitcoin algorithm has been running a high-velocity sell program from the 126,000.00 highs, systematically dismantling every bullish PD Array. However, we have now breached the Event Horizon. The price is magnetically drawn to the confluence of the 2.5 Standard Deviation projection and the historical Accumulation Block (78k-82k) originating from the early 2025 impulse. This zone represents the 'Algorithmic Floor'—a region of maximum discount where institutional order flow must pivot from distribution to accumulation to close massive short positions and defend the macro bull trend. ​ The Entry Do not chase the current candle. The algorithm demands a touch of the 2.5 Standard Deviation level at approximately 80,800.00 - 81,200.00 to complete the fractal expansion. We place our limit order at 81,250.00 to front-run the absolute mathematical bottom, capitalizing on the 'Capitulation Wick' that will clear the final trailing stops. This entry is timed for the CME close/open gap or the weekend volatility injection, which often targets these extreme deviation levels to trap late bears before a violent Monday reversal. ​ The Invalidation The reversal thesis is ontologically corrupted if price displaces below the 3.0 Standard Deviation level and the bottom of the accumulation block at 74,000.00. A sustained closure below this level signifies a total failure of the macro structure and a transition into a secular bear market, invalidating the accumulation narrative. This would shift the probability manifold to the Primary Antithetical Chain, targeting the 60,000.00 liquidity void. ​ Key Trajectory Waypoints Target 1: 86,000.00 | Type: Immediate Rebalance (2.25 SD) | Probability: 90% | ETA: 24 Hours Target 2: 90,500.00 | Type: Internal Bearish Breaker | Probability: 75% | ETA: 3-5 Days Target 3: 94,000.00 | Type: Equilibrium / FVG Fill | Probability: 60% | ETA: 1-2 Weeks The Shadow Reality A 25% probability exists for the antithetical reality: The Abyss Cascade. In this scenario, the 2.5 SD level fails to provide a reaction, and the algorithm enters a 'Free Fall' discovery mode targeting the 3.0 SD at 74,000.00 immediately. This reality is confirmed if price slices through 80,000.00 with no wick response. ___ tags: BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD
CME:BTC1!Long
by TradeConfirmed
The Road to The Mooni like to make some graphs like that when peoples are in Dispair mode. - i used a modified ADX indicator with a Monthly Timeframe ( thanks to the creator by the way ) - Look at the Mountains and tell me when in past bullruns we stopped at 100 ? - Never - - The Highest Point is 160+ That said my advice for now is : " You don't really care if TheKing will back to 20k, what you have to care is the Highest point TheKing will reach! " - Don't Think it's the end of this bullrun - Don't Listen Fuders - Use indicators for the Long Term - Believe in Trends and cycles movements - Believe in the future of cryptos - Believe in TheKing because Theking cannot die. Happy Tr4Ding !
Long
by thecryer
5
Technical Report: Bitcoin (BTC-USD) Looking DownwardTechnical Report: Bitcoin (BTC-USD) Looking Downward H ello! The current technical picture and the recent market activity points to the Bearish perspective of Bitcoin (BTC-USD). Having passed the powerful psychological support at $100,000, many signals suggest we’re on the verge of correction, with target support in the $92,000 area. Weak RSI Signals Overbought Conditions The Relative Strength Index (RSI) is one of the primary indicators hinting at a potential decline. Currently, the RSI hovers around the 60 mark, resistance, reflecting weak momentum and failing to indicate a robust buying trend. While an RSI above 70 typically signals overbought conditions, the lack of a strong rally and an RSI below 50 often signal bearish sentiment. This suggests Bitcoin’s earlier bullish momentum may be fading, increasing the likelihood of a near-term price correction. Rising Bitcoin Dominance Another key factor is the rising Bitcoin dominance within the cryptocurrency market. Bitcoin’s growing market capitalization relative to other cryptocurrencies may signify a shift in investor sentiment, positioning Bitcoin as a safe haven amid altcoin volatility. However, this trend could also indicate fear-driven behavior rather than confidence, with investors hedging against broader market instability. If Bitcoin dominance continues to rise without a corresponding price increase, it might signal an impending sell-off. Investors could be looking to liquidate their positions amid market uncertainty, potentially driving Bitcoin’s price downward. Regulatory and Macroeconomic Pressures Recent regulatory developments and macroeconomic factors also threaten Bitcoin’s upward trajectory. Heightened scrutiny from financial regulators worldwide has created uncertainty in the market. Proposals for stricter regulations on cryptocurrency exchanges and potential tax implications could dampen trading volumes and dissuade new investors. This regulatory pressure may contribute to bearish sentiment. Macroeconomic factors, including rising interest rates and inflation concerns, further complicate Bitcoin’s position. Traditional investments offering higher yields may become more attractive, reducing Bitcoin’s appeal as an alternative asset. In this environment, the $100,000 resistance level becomes a critical barrier. Failure to breach this level could trigger significant selling pressure. Price Projection: $92,000 Support With a weak RSI, potential for increasing Bitcoin strength, and the latest regulation headlines, a strong reversal below $100,000 seems foreseeable. If it doesn’t have support above $100,000, then it could sink right back into the $92,000. This has been a level that has been resistant in the past, but an attack would open the door for more losses. Currently technical analysis and overall market picture shows Bitcoin (BTC-USD) in bearish direction. The low RSI also signals lost upward momentum, rising dominance and regulatory issues mean that there could be instability. When Bitcoin reaches the important $100,000 resistance, traders should be patient and prepare for a drop towards $92,000 resistance. Conditions are not set in stone, so stay on top of what’s to come as Bitcoin’s price action shifts. Regards, Elysian Signals
BINANCE:BTCUSDShort
by Elysian_Mind
US government scared traders, but investors aren't afraidHello, The US government moved 10K #bitcoin worth $963 million to Coinbase, which can fuel bearish pressure, but the market seems strong. I copied a relevant tweet into the chart. When Bitcoin inflow to exchanges goes up, the price usually goes down. It happened now. That's why the last five 4-hour candles print a bearish pattern. However, the market, according to the MACD, is still in a bullish trend. According to the Fear and Greed index, investors aren't afraid and most likely will exploit the bearish candle pattern to buy more in the bullish trend as the long position on the chart shows. The government's selling pressure will meet with investors' buying appetite. However, as long as the market remains this greedy, I don't see Bitcoin making new ATH. $99.8k might stay as a local top in the near future. So, in the upcoming week, I expect consolidation to unfold between the two white levels, $94.5k and $98.7k, in a price range marked by the white arrow, enabling large-cap altcoins to outperform Bitcoin according to the Large Caps phase of the Crypto Money Flow Cycle. The session volume profile further contributes to the idea of consolidation because there's much trading going on between the two white levels. The high volume above $94.5k is attractive to both buyers and sellers. That's why I believe the consolidation will unfold in this price zone. Regards, Ely
BITSTAMP:BTCUSD
by Elysian_Mind
Bitcoin as Water. Will Bitcoin move towards less resistance?Hello, The volume profile of this chart with 4-hour candles indicates two levels where high trading interest can be found. One of these levels is the orange level, $91.5k, around which Bitcoin built a strong support zone. The other level is the red line, $98.5k, where BTC has a strong sell zone. I expect the price action to unfold between these two zones. You may ask which would come next. The current price, $97.1k, is closer to the sell zone than the buy zone. Hitting the sell zone requires less effort than falling into the buy zone. A few people observed that the market often moves towards less resistance. This lesser resistance is now moving into the sell zone. Furthermore, MACD goes up like a bullish trend, which means technicals contribute to BTC hitting the sell zone next time. The white trendline on the chart can act as additional support, which means for BTC to fall into the buy zone, it has to cut down the white trendline. Again, the less resistance for the price would be not to cut down the support trendline, but to pump into the sell zone, which is open from the bottom up without additional resistance standing in the way. Regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind
$BTC - Steeper correction if below $93500Hi guys! 👋🏻 🔔 Lacking momentum and liquidity and it's time for correction 🔔 I believe it's too early for $100K and time to get rest before the next run. 🔔 CRYPTOCAP:BTC couldn't get the $100K and with each try the daily close is lower than the previous one, which states that market might not be ready yet for a strong impulse. 🔔 The best scenario for #bitcoin would be to close below $93500 and go for a correction down to $80K, regain momentum and take over the $100K barrier. 🔔 Triangles could be tricky, so watch for a breakout before making any decisions. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:BTCUSDShort
by azizelliott
Bitcoin hits new all-time high amid U.S. elections!Yesterday, November 6, 2024, the U.S. presidential election results were announced, and the race was won by Donald Trump, a strong advocate for cryptocurrency! During his campaign, on September 18, 2024, the current U.S. leader made a bold move toward the digital asset community by treating supporters to burgers at PubKey in New York, paid for in Bitcoin. During the voting and after the results were announced, Bitcoin (BTCUSD) demonstrated a rapid surge. Starting around $68,000, Bitcoin broke past $76,000, hitting a historical peak and posting an impressive 12% gain within just 24 hours! In addition to the support from the leader of one of the world’s top nations, cryptocurrency has plenty more cards up its sleeve. Key growth factors and expert insights: Institutional investor interest: Major corporations and institutional investors continue to increase their Bitcoin investments, supporting high demand and limited supply in the market. For example, well-known company MicroStrategy (#MSTR) acquired 5,445 BTC for $150 million from August through late September! Rising demand amid economic uncertainty: With inflation on the rise, geopolitical instability, and volatility in traditional markets, investors are seeking more stable assets. Bitcoin, alongside gold (XAUUSD), is becoming a preferred choice for capital preservation. Expectations of U.S. Fed policy easing: With potential interest rate cuts on the horizon, interest in cryptocurrencies as alternative assets is increasing. Experts estimate an 87% probability of a rate cut at the next meeting, creating additional incentives for investing in BTC and other crypto assets. Positive analyst forecasts: The projected minimum Bitcoin price in January 2025 is $71,468, with an average of $78,168 and a maximum of $80,402. By December, these figures are expected to rise to $106,235, $109,213, and $124,937, respectively. Growth is anticipated to remain steady, without declines or corrections, throughout the year. On September 19, 2024, FreshForex analysts highlighted the undeniable growth drivers for the entire crypto sector. With Trump at the helm of the U.S., crypto growth is practically inevitable! Don’t miss your chance!
BINANCE:BTCUSDLong
by Fresh-Forexcast2004